How and why Russian international foreign exchange reserves may "burn out"

October 16 2021 38

Reportedly, Russia's international gold and foreign exchange reserves have reached historic highs. As of September 1, 2021, they amounted to $ 618,2 billion. A huge amount of money, and if we take into account the funds of the NWF, the total size of the "nest egg" will soon approach 1 trillion dollars. Now a lot is being said about where they can be invested, because money must work, this is the basic law of capitalism. However, the Government and the Central Bank of the Russian Federation prefer not to spend them, considering it expedient to sit on the "money box". But what if all these savings, or a significant part of them, simply burn out ineptly, like national savings in the "dashing nineties"?

In fact, the likelihood of such a prospect is significantly different from zero. Foreign exchange reserves are represented by foreign currencies, gold, as well as special drawing rights, which the IMF has poured so generously to us so unexpectedly. If earlier the bet was placed on the dollar, now the balance has been redistributed in favor of the euro, yuan and precious metal. Let's try to present extreme versions of what may happen to our gold reserves.

Euro

At first glance, what could happen to the single European currency? It seems that nothing, but it is not quite true. There is the European Union as economic basis, and above it there is a militaryполитическая superstructure in the form of a NATO bloc. And even now, serious problems are visible in their unity and opposition.

On the one hand, Great Britain has already officially seceded from the EU, which caused significant economic damage to it. At the same time, Washington, London and Canberra have formed a new anti-Chinese military alliance, where the continental European countries did not bother to invite. In France, which was "thrown" with a multi-billion dollar contract for submarines, they started talking about leaving the NATO bloc. Now, many lightly dismiss such a prospect, but for Paris and Berlin, the creation of their own military alliance and the United European Army seems to be the most rational solution as opposed to the "Anglo-Saxon triangle". This is an objective process of consolidation, and it does not depend on the nature of a particular person in power.

On the other hand, dramatic changes are brewing in the EU's economic base. Poland, backed by the United States, has challenged Brussels by placing its national legislation ahead of European legislation. In Russia, they like to talk a lot about traditional values as a counterbalance to the ideas of tolerance and political correctness, but the Poles are ready to defend them even more zealously. Warsaw is not yet ready to secede from the EU, political bargaining is underway. But if she succeeds, all the countries of Southeast Europe will undoubtedly want to follow Poland's example. And here, right on the map of the Old World, we see a fairly clear division into Western Europe and the so-called "Trimoria" project as the reincarnation of Jozef Pilsudski's dream of "Intermarium". Created under the auspices of Warsaw, which was the first to oppose itself to Brussels, "Trimorie" has a chance to become a counterbalance to Berlin and Paris under the indirect control of Washington.

What do we see? There are prerequisites for a radical reformatting, as well as for a possible split of the seemingly united Europe. And then what will happen to the euro? Will there be a single currency? Which countries will use it? How much will it weigh? There are a lot of questions.

Yuan

Another extreme of the policy of the Ministry of Finance of the Russian Federation was a serious increase in the share of the yuan in international reserves. It seems to be correct, since the PRC is one of the two leading world powers, and we are building friendly relations with it. However, it is worth remembering that Beijing is devaluing its national currency in order to preserve the advantageous position of Chinese manufacturers and exporters. This accordingly leads to the depreciation of the Russian "moneybox" denominated in yuan. Unfortunately, these are not all possible problems.

At first, the Chinese economic colossus may be standing on feet of clay. Recall that the 2008 crisis began with the collapse of Lehman Brothers in the United States. And the PRC runs the risk of getting similar problems. The second largest developer in the country, called Evergrande, pursued a rather risky investment policy, for which he paid the price by going to bankruptcy. Information about the problems of the Evergrande Group has already led to unrest in the financial markets, as bankruptcy threatens with the loss of a large number of suppliers and lenders of the concern. The company will have to be rescued by the authorities, since otherwise a domino effect is possible for the entire Chinese economy. However, there are still so many Lehman Brothers in China that are ready to burst at any moment? Numerous "bubbles" have been talked about for a very long time.

Secondly, it should be borne in mind that the PRC is under permanent pressure from the United States. The Americans have already formed a military alliance with the British and Australians. The topic of the war for Taiwan is constantly being discussed, which can be used as a pretext for imposing broad international sanctions against Beijing.

One can imagine what will happen to the currency of the country from which the Anglo-Saxons are trying to make an outcast. Nothing good for sure.

Dollar

Finally, Russian dollar-denominated reserves may be at risk. It is enough for Washington to prohibit Russian banks from making settlements in dollars through correspondent accounts with American credit and financial institutions. And that's all.

Note that the leading economic powers such as the United States, Great Britain or Germany do not seek to create the world's largest reserves, although they can afford to do so. Instead, they let capital work. The policy of the Russian authorities with regard to international reserves does not stand up to any criticism at all.

Information

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Alexey Davydov

+1

16 October 2021 16: 30

The fact that for almost 20 (!) Years this enormous money practically does NOT work in the country's economy in ANY way suggests very strange thoughts.
In whose interests is the government actually working all these years?
After all, the people's distrust of the authorities has grown over the years on such numerous questions without answers.
The people are not as stupid as some think.
Think for yourself ...
1. 123
  
  +2
  
  16 October 2021 17: 24
  
  The fact that for almost 20 (!) Years this enormous money practically does NOT work in the country's economy in ANY way suggests very strange thoughts.
  
  Well yes For example, 20 years ago, instead of huge money in reserves, there were huge debts.
  
  In whose interests is the government actually working all these years?
  After all, the people's distrust of the authorities has grown over the years on such numerous questions without answers.
  
  Could you share the statistics? Well, to roughly understand how much mistrust has grown
  
  The people are not as stupid as some think.
  Think for yourself ...
  
  You can’t argue with that
  1. Alexey Davydov
    
    -1
    
    16 October 2021 23: 24
    
    Well yes yes For example, that 20 years ago instead of huge money in the reserves there were huge debts.
    
    You all understand.
    First, and you are well aware of this, debts cannot be in reserves.
    Yes, debts can exceed them. But for the countries of the world, this is an ordinary situation.
    Second, of course, the Russian leadership is comfortable when there are enough international reserves for any possible critical situation.
    You can calmly govern the country without “worrying” about such issues.
    And in front of the international economic community, everything is in openwork.
    A passive people, after all, are not able to organize themselves and speak about their interests.
    However, and you are well aware of this too, for all these years the key issue for Russia, as now, was precisely DEVELOPMENT, and the development of the real sector.
    This is the flow of new jobs, the demand for specialists, internal demand and supply, filled with the manufactured material product, and salaries.
    By the way, this is also the confidence in the future of men and women who are creating families and giving birth to children, the solution to the problem of fertility and many others.
    For all this, it was necessary to inject money into the real sector and diligently adjust its development, even if this is associated with some macroeconomic risk.
    This is exactly what the people expected from the leadership, while it kept repeating to them like a parrot about the improvement of macroeconomic indicators and the accumulation of the NWF and the Reserve Fund.
    How much could be done in 20 years! Russia would be completely different now!
    Now, yes, there is a good "stash", only now, the country and people are getting smaller and smaller.
    The country does not live for the comfort of its leadership.
    If it lags behind in its development, steadily loses its international positions, its neighbors move into the enemy's camp, then, in order not to lose it, the leadership has long had to switch to a regime adequate to the emerging situation.
    Take responsibility and take risks. In the economic sphere, in foreign policy, in military matters.
    Up to the complete solution of the problem of the country's survival in the modern world.
    You cannot escape 80% of the water. Both 10% and 99% mean drowning.
    Let me also remind you that the country's leadership, as before, is indebted to its “passive” people, who, nevertheless, feed them.
    It is strange that one has to talk about such elementary things.
    
    Could you share the statistics? Well, to roughly understand how much mistrust has grown smile
    
    The most reliable statistics are data on public confidence in vaccinations. You, too, are well aware of this.
    1. 123
      
      +2
      
      17 October 2021 01: 22
      
      First, and you are well aware of this, debts cannot be in reserves.
      Yes, debts can exceed them. But for the countries of the world, this is an ordinary situation.
      
      That's it. When there are debts and there are no reserves or there are no (relatively) debts and there are reserves, these are two different situations. You also cannot help but understand the difference. Reserves do not appear out of thin air and Santa does not put them under the tree. For example, do you like the "ordinary situation" in Ukraine? For example, not very much for me.
      
      Second, of course, the Russian leadership is comfortable when there are enough international reserves for any possible critical situation.
      You can calmly govern the country without “worrying” about such issues.
      And in front of the international economic community, everything is in openwork.
      A passive people, after all, are not able to organize themselves and speak about their interests.
      
      Naturally Do you want something different? That there would be no money just in case of a fire and the creditors were shaking? Will it be in the interests of the people? Right now, for example, the situation is difficult, money is needed, the USA, EU, China do not print money measuredly. What should Russia do in this case? To print rubles? And what to do with them, with whom to pay? Or do you propose to appoint the ruble as a reserve currency by a presidential decree? Or do you have another option?
      
      However, and you are well aware of this too, for all these years the key issue for Russia, as now, was precisely DEVELOPMENT, and the development of the real sector.
      
      And isn't the real sector developing?
      
      For all this, it was necessary to inject money into the real sector and diligently adjust its development, even if this is associated with some macroeconomic risk.
      This is exactly what the people expected from the leadership, while it kept repeating to them like a parrot about the improvement of macroeconomic indicators and the accumulation of the NWF and the Reserve Fund.
      How much could be done in 20 years! Russia would be completely different now!
      Now, yes, there is a good "stash", only now, the country and people are getting smaller and smaller.
      
      In my opinion, you have a somewhat simplified understanding of the situation. We pour money into production and everything is fine? I remember a situation when money was returned to the budget unused, the economy is able to digest a certain amount. The movement should be gradual, 9 women will not give birth to a child in a month. Macroeconomic indicators are also important, remind you about inflation in the 90s? The money literally "burned out", received a salary, in a month it is nothing.
      
      How much could be done in 20 years! Russia would be completely different now!
      Now, yes, there is a good "stash", only now, the country and people are getting smaller and smaller.
      
      Surely it was possible. And even more in 30 years. And for 100 years so in general. We remember they promised to build communism, but it didn't happen. Why the country is getting smaller is not clear. What do you have in mind? About demography, I think it's not worth blaming everything on the leadership, now, in theory, those born 20-35 years ago should give birth. Why there are fewer of them is probably not a question for the current leadership. Are you saying that nothing is being done to increase the birth rate? There is such an indicator - the birth rate.
      
      The crude birth rate is the average number of children born to one woman in a country. This is the average number of births per woman.
      
      https://total-rating.ru/25-obschiy-koefficient-rozhdaemosti-2021.html
      
      Russia - 1,47 (exactly like in Italy) almost like in the Czech Republic, Hungary, Cyprus (1,48), higher than in Japan (1,43), Portugal (1,41), Poland and Greece (1,39 ), if anything in China - 1,58.
      
      The country does not live for the comfort of its leadership.
      
      If the leadership becomes uncomfortable, what will change for the country? Will she get better?
      
      If it lags behind in its development, steadily loses its international positions, its neighbors move into the enemy's camp, then, in order not to lose it, the leadership has long had to switch to a regime adequate to the emerging situation.
      Take responsibility and take risks. In the economic sphere, in foreign policy, in military matters.
      Up to the complete solution of the problem of the country's survival in the modern world.
      You cannot escape 80% of the water. Both 10% and 99% mean drowning.
      
      And under the previous leadership, was it ahead of the entire planet in development? Strengthened international positions and neighbors came to our camp? As far as I remember, the Warsaw Pact was dissolved a little earlier (under Gorbachev), the USSR too (under Yeltsin). Who have we lost since then? Ukraine or what? Has she been in our camp since 1991? Who else do you want to "strengthen and bring to the camp"? Should the Balts be hung around their necks again or Georgia?
      
      Let me also remind you that the country's leadership, as before, is indebted to its “passive” people, who, nevertheless, feed them.
      
      To be honest, it smacks of demagoguery. Any state feeds the people, it cannot be otherwise. You demanded to return the debts from the Communist Party of the Soviet Union?
      
      The most reliable statistics are data on public confidence in vaccinations. You, too, are well aware of this.
      
      In my opinion this is a substitution of concepts. Probably you shouldn't stoop to this. What does vaccination have to do with it? Are you vaccinated to preserve life and health, or to show confidence in the authorities? Like I'll die, let them understand how they relate to them? Are you seriously?
      1. Tatyana
        
        0
        
        17 October 2021 12: 24
        
        Quote: 123
        Reserves do not appear out of thin air and Santa does not put them under the tree.
        
        After the ratification of the Belovezhskaya agreements Russia has become a colony of a unipolar world led by Washington. One of the most important tools for governing Russia as a colony was the new credit and financial system (CFS) of Russia.
        On December 20, 1991, the State Bank of the USSR was abolished. All assets, liabilities and property of the State Bank of the USSR on the territory of the RSFSR were transferred to the Central Bank of the Russian Federation. A few months later, the Central Bank of the RSFSR (Bank of Russia) was renamed the Central Bank of the Russian Federation (Bank of Russia).
        The very first version of the law "On the Central Bank of the RSFSR (Bank of Russia)" was adopted on December 2, 1990, after the summer of 1990 B.N. Yeltsin won the elections by a huge margin and became the first president of Russia, and after six months of his presidency, he signed Federal Law No. 02.12.1990-394 of 1. The law was modified and supplemented, but on the whole its essence was preserved.
        The betrayal of the national sovereignty of the Russian Federation in the field of finance was laid down and reinforced in its very Constitution of the Russian Federation of December 12 1993, which was compiled under the EBN under the patronage of Washington.
        Officially, the authors of this colonial Constitution of the Russian Federation from the 1993 of the year were: Sergei Shakhrai, Anatoly Sobchak, Sergey Sergeyevich Alekseev and the Constitutional Meeting of the Russian Federation.
        The Constitution of the Russian Federation from 1993 of the year only consolidated the colonial position of the Russian Federation in this matter.
        As a result, we have colonial legislation in the country, which, it seems, is impossible under comprador power to abolish in any way peacefully.
        At the same time, the Federal Law of the Russian Federation "OTSB of Russia", written for the colonized USSR and adopted in Russia at the direction of the US special agency, turned the financial and credit system of Russia into a branch of the IMF as an instrument of the US FRS.
        And you, 123, do not seem to understand this in any way or do not want to understand!
        
        123
        
        +1
        
        17 October 2021 14: 09
        
        As a result, we have colonial legislation in the country, which, it seems, is impossible under comprador power to abolish in any way peacefully.
        At the same time, the Federal Law of the Russian Federation "OTSB of Russia", written for the colonized USSR and adopted in Russia at the direction of the US special agency, turned the financial and credit system of Russia into a branch of the IMF as an instrument of the US FRS.
        And you, 123, do not seem to understand this in any way or do not want to understand!
        
        Do you just want to change the legislation and all questions will disappear, life will get better?
        Will you appoint the ruble as a reserve currency by a presidential decree or by a decree of the chairman of the Revolutionary Military Council? Or will you launch an alternative global financial system on Monday? Have you calculated the consequences for the economy, or is it not worth thinking a step forward? Even now it is difficult to do this and in my opinion it is premature. We are waiting for the development of the crisis. 20 years ago it was almost impossible. Do you think that nothing has changed in 20 years?
        
        Tatyana
        
        +2
        
        17 October 2021 14: 40
        
        Quote: 123
        Do you just want to change the legislation and all questions will disappear, life will get better?
        
        And without changing the colonial legislation, one cannot fundamentally count on improvement.
        At the same time, it is necessary to understand and apply in practice the dialectical-materialistic principle unity of content and form. It is the legislative form that fixes the social content. A different social content requires a different legislative form, i.e. changing the law.
        
        Quote: 123
        Do you think that nothing has changed in 20 years?
        
        Globally, of course not.
        
        123
        
        +2
        
        17 October 2021 15: 04
        
        And without changing the colonial legislation, one cannot fundamentally count on improvement.
        At the same time, it is necessary to understand and apply in practice the dialectical-materialistic principle of the unity of content and form. It is the legislative form that fixes the social content. A different social content requires a different legislative form, i.e. changing the law.
        
        Let me repeat your questions
        Will you appoint the ruble as a reserve currency by a presidential decree or by a decree of the chairman of the Revolutionary Military Council? Or will you launch an alternative global financial system on Monday? Have you calculated the consequences for the economy, or is it not worth thinking a step forward?
        
        Globally, of course not.
        
        How do you see global changes?
        
        Tatyana
        
        +1
        
        17 October 2021 15: 31
        
        Quote: 123
        Quote: Tatiana
        Globally, of course not.
        How do you see global changes?
        
        No way yet!
        The West considered Russia as its colony of raw materials, and continues to consider it. And political and economic education in the Russian Federation only contributes to this.
        
        123
        
        +1
        
        17 October 2021 15: 57
        
        No way yet!
        The West considered Russia as its colony of raw materials, and continues to consider it. And political and economic education in the Russian Federation only contributes to this.
        
        That's what I'm talking about. They often write here that they are unhappy and demand to change everything. But how it comes to specifics, the problems begin. Often it’s on emotions, like yours. The main thing is that the West would consider us differently. In my opinion, I do not care about the opinion of the West. To me, too, are moral authorities ...
        But the economic reality should be taken into account.
      2. Tatyana
        
        +1
        
        17 October 2021 12: 47
        
        Quote: 123
        I remember a situation when money was returned to the budget unused, the economy is able to digest a certain amount.
        
        I would like to note to you that the motivational program for the behavior of citizens, including officials, is being laid through IDEOLOGY and in PRACTICE nobody has actually canceled it, although formally, according to the Constitution of the Russian Federation, the state ideology, as such, has been canceled.
        
        As a result, ideological education in the Russian Federation has long been "sour". The dominant bourgeois ideology of the American economist M. Friedman (See his book Capitalism and Freedom) now they are no longer called "bourgeois", but are called abstractly class "market" with elements of the so-called. "Monetarism" (i.e. bourgeois pursuit of financial profits).
        In this case, one cannot equate the concept of real capitalism with all its shortcomings with the doctrinaire idea of the American Milton Friedman in the form of a kind of speculative social project brought to life, to build a supposedly ideally fair capitalism on Earth all over the world.Due to what?
        Due to the alleged existence in the world of some anarchist absolutely "free" from everyone and every world market, which is supposedly absolutely "clean" from profanities and dishonesty both on the part of the participants in the capital market, goods (services) and labor, and from pressure on them a nation state. And at the same time, Friedman naively assumes that all market participants free from the state are initially at all times equal in their life start and can always become rich if they just want it. it utopia and bluff in its purest form!
        Behind this attempt by Friedman to whitewash capitalism lies a very definite goal taken by Washington's apologists. Namely.
        The purpose of this American bluff is to make the sovereign countries "indigenous" for the United States, uncontrollably and duty-free by their governments, mistakenly, free and defenseless from competition, open access for US multinational companies to their domestic markets for the sale of foreign goods and the purchase of "indigenous" wealth by foreigners , enterprises and natural resources.
        In this case, the reduction of native state property to the maximum - to "0" - is promoted by the "market people" exclusively as a public good. For the state supposedly does not need to control anything, there is no need to punish anyone, and there is no need to regulate trade and production either. That at the same time all members of society will become such honest and law-abiding entrepreneurs that therefore it will no longer be necessary to protect the population from swindlers, thieves, robbers and murderers. And therefore supposedly the national state, as an anachronism, will disappear by itself as unnecessary, and there is no need to defend it at all. For the distribution of material goods "from above" at the state level is not required, because everything will be regulated by this "ideal" capitalist market. Well, those who did not fit into the market are already their problems. Let, they say, they survive on their own, as they can. These include, in particular, all the so-called. "superfluous" people: pensioners, disabled people, children, etc. - all those who "did not fit into the market." But they should be "happy" with their freedom from the centuries-old, fattening abstract-bureaucratic state, which has always been dreamed of by the anarchists for centuries.
        
        TOTAL. All this Milton Friedman's ideology about the alleged existence of the so-called. "free" and "clean" market is an anarchist propaganda of the American establishment to disintegrate the national security of sovereign states to their complete elimination and subjugation of their resources in favor of US multinational companies.
        Unfortunately, this ideology has been unofficially adopted by the Russian ruling elite as a state ideology. It is implemented in practice by the government of the Russian Federation, the guarantor of the Constitution of the Russian Federation, in the State Duma and the Federation Council. And the HSE is the forge of bourgeois young cadres in this comprador economy and its apologists.
        
        123
        
        +1
        
        17 October 2021 14: 25
        
        Why are you telling me about the free market and exposing Friedman's theory? If you want to argue on this topic, look for supporters of the "pure market" and Friedman's ideology. Lump is not that you are at the wrong address.
        
        Unfortunately, this ideology is unofficially adopted by the Russian ruling elite as a state ideology.
        
        Want to suggest another one? Do you have one in mind?
        
        It is implemented in practice by the government of the Russian Federation, the guarantor of the Constitution of the Russian Federation, in the State Duma and the Federation Council. And the HSE is the forge of bourgeois young cadres in this comprador economy and its apologists.
        
        You again demand everything to suddenly take and cancel? As I understand it, in combination with the new ideology, is it? Change everything immediately, put workers and peasants in the posts?
        As far as I remember, the HSE rector was replaced in the summer.
        https://www.bbc.com/russian/news-57679013
        
        Rector of the Moscow Higher School of Social and Economic Sciences under investigation
        https://www.rbc.ru/society/13/10/2021/6166b6cd9a79478b0519cb3c
        
        I suppose they will gradually put things in order there. Or do you have another forge of personnel? Where will you get the replacement personnel?
        
        Tatyana
        
        +2
        
        17 October 2021 15: 11
        
        Quote: 123
        Rector of the Moscow Higher School of Social and Economic Sciences under investigation
        https://www.rbc.ru/society/13/10/2021/6166b6cd9a79478b0519cb3c
        I suppose they will gradually put things in order there. Or do you have another forge of personnel? Where will you get the replacement personnel?
        
        The Moscow Higher School of Social and Economic Sciences (MSSES, better known as "Shaninka") was founded in 1995 by sociologist Theodor Shanin. This private university annually graduates several hundred bachelors and masters in several areas in the field of social and economic sciences, the most famous of which are sociology, political philosophy and law.
        
        Among the founders of "Shaninka" is the Gaidar Institute, whose board of trustees includes the head of the Accounts Chamber Kudrin, ex-head of Rusnano Anatoly Chubais and the head of Sberbank German Gref. Kudrin, for example, has repeatedly stated that he considers the university "one of the best social science schools in the country."
        The peculiarity of Shaninka is that most of its programs are validated by English universities. In particular, she is a partner of the University of Manchester and Coventry University. In practice, this means that upon graduation, students of some areas receive, among other things, a diploma from a prestigious British university.
        In addition, the university issues joint diplomas with RANEPA and is engaged in professional retraining.
        
        These people should be blamed not so much for the theft of budgetary funds, taxpayers' funds, etc., as for treason to the Motherland - for treason to Russia!
        But from the colonial position of the West - from the position of the so-called. Western "market" ideology with its monetarism - collaboration and corruption in relation to national states - such as Russia, for example - the arrested rector is absolutely innocent!
        
        So it is necessary in the country to change the American colonial ideology to a national one and create national-patriotic universities in Russia!
        It's time to end the Gaidar economy and its personnel!
        
        123
        
        -1
        
        17 October 2021 15: 51
        
        These people should be blamed not so much for the theft of budgetary funds, taxpayers' funds, etc., as for treason to the Motherland - for treason to Russia!
        But from the colonial position of the West - from the position of the so-called. Western "market" ideology with its monetarism - collaboration and corruption in relation to national states - such as Russia, for example - the arrested rector is absolutely innocent!
        
        First, what article do you plan to plant? What exactly should be imputed?
        Secondly, do not care about the opinion of the West about their guilt.
        
        So it is necessary in the country to change the American colonial ideology to a national one and create national-patriotic universities in Russia!
        It's time to end the Gaidar economy and its personnel!
        
        You are still using common words. I, too, for all good versus all bad.
        What and how do you want to change? How? Where is the replacement staff?
        
        Tatyana
        
        +1
        
        17 October 2021 16: 00
        
        Quote: 123
        Where is the replacement staff?
        
        Do not worry so much! Once again in the history of Russia, professors and politicians will quickly change their colors, just to stay in their posts!
        
        123
        
        +1
        
        17 October 2021 18: 13
        
        Do not worry so much! Once again in the history of Russia, professors and politicians will quickly change their colors, just to stay in their posts!
        
        And the meaning of the signboard to change? Bureaucrats are indestructible
      3. Vladimir501
        
        0
        
        17 October 2021 16: 35
        
        It's nice to read the reasoning of an adequate and competent person.
2. Wooh
  
  0
  
  17 October 2021 06: 27
  
  The fact that for almost 20 (!) Years this enormous money practically does NOT work in the country's economy in ANY way suggests very strange thoughts.
  
  For 20 years the industry was destroyed, professional staff was reduced.
  Where to invest money? The janitors from Central Asia?
  Who will master them? And what they could master, they mastered.
123

-1

16 October 2021 17: 27

Note that leading economic powers like the United States, Great Britain or Germany do not seek to create the world's largest reserves, although they can afford to do so.

Can not. First, they don't need it. They occupy a privileged position in the world financial system, their currencies are reserve ones. They print them, why should they save up strangers? Secondly, they have nothing to save. They have been living in debt for a long time.
This applies to Germany a little incompletely (the euro and the debt are still less than GDP), but in general it does not change the situation.
Oleg Valevsky

-5

16 October 2021 19: 58

I see no contradictions .. First, they sold (to the West or China) real values, in the form of minerals ... sold for the currency of the buying country.
And then this money was frozen so that the buying country did not feel the need to give its real values in return for this money. And, moreover, so that they can print more of the same money ..)). (after all, a certain amount is still frozen in someone's moneybox ... you can print more without fear of inflation)))
Sergey Latyshev

-5

16 October 2021 21: 36

And there is no way out. In theory, money "should be spinning."
But the President said that they would be plundered here. And let's remember Chubais, who bought zhiknuvshie foreign companies - there they are Optimized.
Therefore, to complicate "optimization" is the only way
shiva

+4

16 October 2021 22: 06

And plus to the freezing of assets for placing them in the box, add the outflow of capital - the same money flying past the box and you and me. There are billions of green dollars too. What does capital outflow mean - profiting from our labor, our taxes, huge sums that should continue to rotate in the economy, spinning it up, simply go away. The flywheel creaks and stinks of solid oil, the half-starved population is trying to spin it with the last of its forces, but it does not want to spin - it is slowed down by these sawing-offs and yachts in Cyprus, since capitalists from the power structures are sitting on this flywheel with their fat ops. The good news is that the Duma and the government will think about what to do with the poverty of the population ...
I remember an anecdote - at a meeting of the government and the Duma deputies, everything seemed to be sorted out - pensions for deputies, privileges for ministers, the last question - what about people? The voice of one of the deputies - yes, two hundred souls would not hurt ...
NikolayN

+1

16 October 2021 22: 12

I didn't even bother to read. By the way, we also have gold, which is generally problematic to sell even without a crisis. There is not a single reasonable explanation for why this was done. They say: they will plunder. They will plunder, if you invest in projects, according to Rakova we know about projects. And you won't find the ends. They took out, left.
The people have pensions below the plinth, but no. They don't need to. Before communism was expected. Now they don't promise anything.
Radical

+1

16 October 2021 23: 13

How and why Russian international foreign exchange reserves may "burn out"

And here there is no need to fantasize, everything has been invented for a long time, or, more precisely, the mechanisms have been worked out. Beginning from 1913-1914, the foreign exchange reserves of the Empire "flowed" to England. Currently, different schemes are used - primitive and not very, but the goal, as in the last century, is to take out / these assets of the country abroad. For what, the reader will ask. Variants are possible here, although the goal is one - to use these funds to return to the throne, in case they give a kick in the ass (I'm not afraid of this word), or just for the purpose of personal enrichment! In my opinion, this is exactly how it is, and it is not worth it here, and now, to guess why, and why .... Everything is so obvious. Another question - how long? But with this - the problem.
Alexey Davydov

+1

16 October 2021 23: 55

Regarding the child's excuse: "So they will plunder!"
Solving this problem has been one of the tasks of the authorities in the past 20 years.
She did not solve it, and this completely "blocked" the possibility of Russia's development in a key period.
Give yourself a definition of this fact.
Kim Rum Eun

+1

16 October 2021 23: 56

But if she succeeds, all the countries of southeastern Europe will undoubtedly want to follow the example of Poland.

What are these countries? Greece, Bulgaria, Romania? It's even funny for me to laugh at this passage :)) They are all in debt, as in silk, and dream not of leaving the EU, but of how to milk this EU better and get more from it.
1. Marzhecki
  
  0
  
  17 October 2021 09: 28
  
  In fact, it says not about a way out, but about reformatting the EU so that national legislation is higher than the European one.
  Well, the East Europeans do not want problems with migrants and so on.
  1. Kim Rum Eun
    
    -1
    
    17 October 2021 16: 07
    
    In fact, everything is written there very ambiguously.
    1. Marzhecki
      
      0
      
      19 October 2021 09: 51
      
      Well it's a matter of perception
Radical

+1

17 October 2021 00: 50

Quote: 123
Note that leading economic powers like the United States, Great Britain or Germany do not seek to create the world's largest reserves, although they can afford to do so.

Can not. First, they don't need it. They occupy a privileged position in the world financial system, their currencies are reserve ones. They print them, why should they save up strangers? Secondly, they have nothing to save. They have been living in debt for a long time.
This applies to Germany a little incompletely (the euro and the debt are still less than GDP), but in general it does not change the situation.

Is your last name Kudrin by any chance? Or maybe Glazyev, or Delyagin?
Rum rum

+3

17 October 2021 02: 48

Chef! Everything is lost! The plaster is being removed! The client is leaving!
Marzhetsky in his repertoire.
Potapov

+2

17 October 2021 08: 49

I would like the personal responsibility of the lackeys of the IMF and the State Department for the financial policy aimed at robbing the country. The desire to create graveyard inflation is laudable only for the enemies of the people ...
1. Tourist
  
  +2
  
  17 October 2021 10: 26
  
  Do you seriously believe that Putin has been in power for 21 years, the United Russia has a majority in the Duma, the opposition is no longer visible or audible, Crimea is ours, Syria, the Russian spring, the Iskander vanguards, the Constitution was recently changed as it should, ... and so on. etc., and the "financial policy aimed at robbing the country" is carried out by the lackeys of the IMF and the State Department? :)))))))))))
  1. The comment was deleted.
  2. Alexey Davydov
    
    +1
    
    17 October 2021 11: 48
    
    He who wants to be deceived deceives himself
Marzhecki

0

17 October 2021 09: 26

Quote: Rum Rum
Chef! Everything is lost! The plaster is being removed! The client is leaving!
Marzhetsky in his repertoire.

And sho, lad Romka, I'm not Pan anymore?
Tourist

+2

17 October 2021 09: 56

I will not comment on the article, I will just note that the currency part of the FND is included in the gold and foreign exchange reserves. For example wiki: "Part of the NWF, denominated in foreign currency and placed by the Russian government on accounts with the Bank of Russia, which it invests in foreign financial assets, is accounted for as part of the International reserves of the Russian Federation (!)". Those. it is not correct to summarize the gold and foreign exchange reserves, in terms of currency it is the same money.
Alexey Davydov

+1

17 October 2021 16: 45

The question of the success of the country's economic and financial policy inevitably leads us to the question of whose interests it is being pursued.
If we assume that the main subject of these interests is the country, then it is logical to include its people in this subject.
Then the power takes the place of the person serving these interests.
In my opinion, the key internal problem of Russia now is the government, which does not seriously feel its responsibility to the people.
The comments of some of the participants in the discussion, who seem to belong to this government, clearly show its position.
She did everything that was required of her and just “washes her hands”. After that, she, by and large, does not care about the fate of the people and the country.
They say that all the possibilities of a Western-type democratic system have been created and “presented on a silver platter” to the people. If he is not ready to use them - his problem. Do not change everything that has already been done.
Power is left to itself, and therefore, it is not even in a hurry.
And this is despite the fact that the external and internal situation in Russia is constantly deteriorating.
The aggressive world around us does not stand still. How long will the country still be able to hang out like this in this “swamp” without serious consequences? Does life forgive at least someone like that?
However, I don’t believe in the current parties, tamed by the authorities, which exist next to the “helm” and independently of the people. They are also completely useless, I'm afraid.
What then is to be done?
The only element that is still outside the existing, deadlocked system of government, which can change the situation, is the people themselves.
For the statement of the question of democracy in modern Russia and the proposed ways of solving it, see the article: https://zen.yandex.ru/media/id/5fe624c58b9da069054d7540/narodovlastie-v-sovremennoi-rossii-613cd48a75cb7434fe7368ad
This is an attempt to answer the question - What to do?
The answer to the question is - How to do it? will have to look after
zloybond

+1

17 October 2021 21: 32

at one wonderful moment they will disappear as well as the gold of the party, and before that the gold of the Kolchak, the empire .... They will be stolen by some kind of Switzerland))), Then they (stolen billions) will be found in the apartments of the colonels .... Well, and people - people in this richest country are niche as before.